Creating Wealth Real Estate Investing with Jason Hartman 2258: LA Fires- Real Estate Opportunities After Disaster: How Economic Pressures Shape the Housing Markets
Jan 13, 2025
Devastating wildfires in Los Angeles raise concerns about government inaction and their impact on the real estate market. The discussion delves into California's insurance challenges and the economic fallout from rebuilding efforts. Participants explore how inadequate forest management has exacerbated crises and the political implications of disaster responses. Additionally, the conversation critiques progressive policies that may worsen conditions while highlighting potential investment opportunities in the turbulent housing market.
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Turtle Rock Fires
- Jason Hartman recounts witnessing the aftermath of the 1990s Turtle Rock fires in Irvine.
- He describes the scene as otherworldly, with soot covering everything and an eerie sky.
Potential Profit from Disaster
- Hartman advises those affected by the fires to cheer up, as they might profit from the situation.
- He suggests negotiating with insurance and considering highest-and-best-use land sales to developers.
Nationwide Housing Market Impact
- The LA fires will create upward pressure on housing markets nationwide due to increased construction demand.
- Material and labor shortages will drive up prices for all real estate projects.